Containing 99.9 percent or more by weight of silver

Semi-manufactured silver of 99.9 percent or higher purity

DGFT CLEARANCE

HSN 7106 92 21 (semi-manufactured silver of 99.9% or more by weight) is governed by the Directorate General of Foreign Trade (DGFT) ITC (HS) import policy, under which import is Free subject to Reserve Bank of India (RBI) regulation. DGFT Notification 8/2025-26 dated 19-05-2025 sets the current operative policy condition for this tariff line.

What this is

HSN code

7106 92 21

Chapter

71 · Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof

Primary regulator

DGFT · ITC (HS) Free import policy subject to RBI regulation, Chapter 71

Customs documentation

RBI compliance declaration from importer
Import policy declaration from DGFT

Compliance steps

1
Confirm the import is structured in compliance with Reserve Bank of India regulations governing precious-metal imports before filing the bill of entry. The ITC (HS) policy status is Free, but RBI regulation is a binding condition precedent — non-compliant imports are liable to detention and monetary penalty.
DGFT Notification 8/2025-26 dated 19-05-2025
2
File the bill of entry with documentation evidencing RBI-compliant import channels (such as authorised dealer bank or nominated agency confirmation). Upload any mandatory documents in e-Sanchit before out-of-charge.
DGFT Notification 8/2025-26 dated 19-05-2025

A word of counsel

The most common error on this tariff line is conflating the Free ITC (HS) policy status with an absence of import controls: the RBI regulatory condition is a substantive overlay that restricts permissible import channels to authorised entities. Shipments arriving outside RBI-approved channels — even where the customs value and classification are correct — face confiscation and monetary penalty irrespective of the Free-import classification.

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Frequently asked

Does HSN 7106 92 21 require BIS certification?

No, semi-manufactured silver is not within the BIS Quality Control Order regime. Import is governed by the Directorate General of Foreign Trade ITC (HS) Free policy under DGFT Notification 8/2025-26, subject to Reserve Bank of India regulatory compliance as the operative binding condition.

What does the RBI regulation condition mean in practice for this tariff line?

Import of semi-manufactured silver bars under this tariff line must flow through RBI-authorised channels such as nominated banks or agencies; the Free policy status removes the DGFT licence requirement but does not override the RBI framework governing precious-metal import entitlements.

Does DGFT Notification 8/2025-26 change the earlier import policy for this HSN?

DGFT Notification 8/2025-26 dated 19-05-2025 sets the current operative policy; importers should verify whether it modifies any earlier conditions and ensure bill-of-entry filings reference the current notification.

Last verified against gazette notifications: 2026-05-16. Source: DGFT / Indian Customs CUSDATA.